Chad William Yuhasz - 16 Jan 2025 Form 4 Insider Report for Gatos Silver, Inc.

Reporting relationship: VP Expl. and & Tech Services
Issuer ticker: N/A
Reported as of: 16 Jan 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 17 Jan 2025, 17:30:06 UTC
Prior SEC filing: 11 Dec 2024
Source filing: View source filing
Reporting owner signature: /s/ Stephen Bodley as Attorney-in-Fact for Chad William Yuhasz

Key filing fact

Chad William Yuhasz filed Form 4 for Gatos Silver, Inc. on 17 Jan 2025.

Key facts

This page summarizes Chad William Yuhasz's Form 4 filing for Gatos Silver, Inc..
4 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 17 Jan 2025, 17:30.

Change

Previous filing in this sequence was filed on 11 Dec 2024.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

GATO transaction Derivative

Employee Stock Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares: -55,000
Change %: -100%
Price
Shares after: 0
Date: 16 Jan 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 55,000
Exercise price: $9.80
Footnotes: F1

GATO transaction Derivative

Employee Stock Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares: -15,628
Change %: -100%
Price
Shares after: 0
Date: 16 Jan 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 15,628
Exercise price: $15.34
Footnotes: F1

GATO transaction Derivative

Restricted Stock Units

Disposed to Issuer

Transaction value
Shares: -27,500
Change %: -100%
Price
Shares after: 0
Date: 16 Jan 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 27,500
Exercise price: $0.000000
Footnotes: F2

GATO transaction Derivative

Restricted Stock Units

Disposed to Issuer

Transaction value
Shares: -9,192
Change %: -100%
Price
Shares after: 0
Date: 16 Jan 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 9,192
Exercise price: $0.000000
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Chad William Yuhasz is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 2 footnotes

Footnote F1

Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding Issuer stock option beneficially owned by the Reporting Person, whether vested or unvested, was assumed by First Majestic and converted into options to acquire First Majestic Common Shares (the "Converted Options"). The Converted Options are subject to the same terms and conditions that were applicable to them prior to the Merger, except that (i) the Converted Options relate to common shares of First Majestic, and (ii) the number of First Majestic common shares subject to the Converted Options and the exercise prices thereof were determined based upon the exchange ratio pursuant to the Merger Agreement. (See "Remarks" below for an explanation of defined terms.)

Footnote F2

Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding restricted stock unit beneficially owned by the Reporting Person became fully vested and will settle for the right to receive the Merger Consideration. (See "Remarks" below for an explanation of defined terms.)

SEC remarks

This Form 4 reports securities disposed of in connection with the Agreement and Plan of Merger, dated as of September 5, 2024 (the "Merger Agreement"), by and among Gatos Silver, Inc. (the "Issuer"), First Majestic Silver Corp. ("First Majestic") and Ocelot Transaction Corporation, a wholly-owned subsidiary of First Majestic ("Merger Sub"), whereby Merger Sub merged with and into the Issuer, with the Issuer continuing as the surviving entity and a wholly-owned subsidiary of First Majestic (the "Merger"). Pursuant to the Merger Agreement, at the effective time of the Merger, each share of the Issuer's common stock, par value $0.001 per share (the "Common Stock"), issued and outstanding prior to the Merger was converted into the right to receive 2.55 First Majestic common shares (the "Merger Consideration") and cash in lieu of any fractional First Majestic common shares.